Stock Analysis on Net
Stock Analysis on Net

Ross Stores Inc. (NASDAQ:ROST)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 7, 2022.

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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Ross Stores Inc., consolidated cash flow statement

US$ in thousands

Microsoft Excel
12 months ended: Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Net earnings
Depreciation and amortization
Loss on early extinguishment of debt
Stock-based compensation
Gain on sale of assets
Deferred income taxes
Merchandise inventory
Other current assets
Accounts payable
Other current liabilities
Income taxes
Operating lease assets and liabilities, net
Other long-term, net
Change in assets and liabilities
Adjustments to reconcile net earnings to net cash provided by operating activities
Net cash provided by operating activities
Additions to property and equipment
Proceeds from sale of property and equipment
Decrease in restricted cash and investments
Proceeds from investments
Net cash used in investing activities
Issuance of common stock related to stock plans
Treasury stock purchased
Repurchase of common stock
Dividends paid
Net proceeds from issuance of short-term debt
Payments of short-term debt
Net proceeds from issuance of long-term debt
Payments of long-term debt
Payments of debt extinguishment and debt issuance costs
Excess tax benefit from stock-based compensation
Net cash provided by (used in) financing activities
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents
Cash and cash equivalents, and restricted cash and cash equivalents, beginning of year
Cash and cash equivalents, and restricted cash and cash equivalents, end of year

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Net Earnings
Net earnings showed a consistent upward trend from 2017 to 2020, rising from 1,117,654 to 1,660,928 thousand US dollars. However, in 2021 there was a sharp decline to 85,382 thousand US dollars, followed by a strong recovery in 2022 to 1,722,589 thousand US dollars.
Depreciation and Amortization
This expense gradually increased each year, moving from 302,515 thousand US dollars in 2017 to 360,664 thousand US dollars in 2022, indicating steady investment in fixed assets and their systematic expense recognition.
Stock-based Compensation
The cost associated with stock-based compensation grew steadily over the analysis period, increasing from 74,554 thousand US dollars in 2017 to 134,217 thousand US dollars in 2022, reflecting increased equity incentives.
Merchandise Inventory
The inventory figures exhibited significant volatility. Negative values in 2017 through 2020 transitioned to a positive 323,357 thousand US dollars in 2021, then reverted to a negative 753,291 thousand US dollars in 2022, suggesting fluctuations in inventory management or valuation methods.
Accounts Payable
Accounts payable generally increased over time, with a notable spike in 2021 reaching 938,837 thousand US dollars, which then declined sharply to 135,311 thousand US dollars in 2022, indicating changes in payment timing or supplier credit terms.
Change in Assets and Liabilities
There was considerable variability across years, including a significant increase of 1,482,597 thousand US dollars in 2021 followed by a large decrease of 494,396 thousand US dollars in 2022. This denotes fluctuating working capital conditions.
Net Cash Provided by Operating Activities
Operating cash flow increased steadily from 1,558,851 thousand US dollars in 2017 to 2,245,933 thousand US dollars in 2021, before declining in 2022 to 1,738,849 thousand US dollars, a pattern consistent with net earnings performance.
Net Cash Used in Investing Activities
Negative cash flows from investing activities deepened over the period, ranging from -292,763 thousand US dollars in 2017 to -557,840 thousand US dollars in 2022, primarily due to consistently high capital expenditures for property and equipment additions.
Net Cash Provided by (Used in) Financing Activities
Financing activities generally displayed cash outflows until 2020, reflecting substantial share repurchases and dividend payments. In 2021, financing activities showed a large positive inflow of 1,701,859 thousand US dollars, indicating significant new debt issuance, followed by cash outflows in 2022.
Share Repurchase and Dividends
There was a strong emphasis on share repurchases across years until 2020, with declining magnitude in 2021. Dividend payments increased over time except for a dip in 2021, aligning with fluctuations in free cash flow and earnings.
Cash Position
The cash and equivalents balance consistently grew except for a dip in 2020. It surged dramatically in 2021, more than tripling the previous year's level, likely reflecting the net effect of financing activities and operational cash flows.